Westwood Residences Price

Westwood Residences price ranges are generally in the $7xx average PSF spectrum, with some units in the $8xxK range for the most favourable stacks.

Please drop us a note here if you would like more details on the Westwood Residences prices.

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Westwood EC Price · Pricing Ranges

BEDROOMS

TYPE

TYPICAL AREA (SQ FT)

PRICE RANGES*

2 Bedroom

A

689 sq ft

SOLD OUT

3 Bedroom

B1

947 sq ft

$699K – $757K

3 Bedroom Premium

B2

1033 sq ft

$750K – $871K

4 Bedroom

C1

1152 sq ft

$888K – $991K

4 Bedroom Premium

C2

1238 sq ft

$937K – $1.002M

5 Bedroom Premium

D

1464 sq ft

$1.132M – $1.184M

* These are the ranges of available units as of December 2016.

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Westwood Residences Price · Preliminary Cost Computations

The nearest comparison is possibly the pricing for Lake Life, the only other recent Jurong EC. Lake Life sold out within 2 days of its launch at between $800 to $930 psf, with an overall average price of around $857 psf.

In this case, Koh Brothers’ subsidiary Changi Properties Pte Ltd, and Heeton Homes Pte Ltd, a subsidiary of Heeton, won the site for Westwood Residences with a bid of S$198.9 million. It was a very close fight, as the 2nd bid was $198 million, a less than 0.5% difference.

Such close bids could imply that the land cost is fairly reasonable, and not overpriced.

The winning bid works out to $382 per square foot per plot ratio (psf ppr) for the land. Add construction & development costs of perhaps $360 to $400 PSF. Break even could then be around $740 to $780. This may translate to an average price of roughly $790 to $840 PSF.

For details of this HDB Land Sale and award to Koh Brothers & Heeton Homes, see this report (opens in new window).